12,163 Shares in H2O America $HTO Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co purchased a new position in shares of H2O America (NASDAQ:HTO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,163 shares of the utilities provider’s stock, valued at approximately $592,000.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE purchased a new stake in shares of H2O America during the 3rd quarter valued at $62,000. Creative Financial Designs Inc. ADV purchased a new position in shares of H2O America in the 3rd quarter worth $100,000. R Squared Ltd acquired a new position in H2O America in the third quarter valued at $243,000. Arete Wealth Advisors LLC acquired a new position in H2O America in the third quarter valued at $278,000. Finally, Handelsbanken Fonder AB purchased a new stake in H2O America during the third quarter valued at about $514,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Stock Up 3.0%

NASDAQ HTO opened at $58.21 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 19.93, a P/E/G ratio of 2.92 and a beta of 0.48. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $58.45. The business has a 50 day moving average price of $52.94 and a two-hundred day moving average price of $49.98. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. H2O America had a net margin of 12.81% and a return on equity of 7.08%. The company had revenue of $194.19 million for the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, sell-side analysts predict that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were issued a $0.44 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a yield of 3.0%. H2O America’s payout ratio is currently 60.27%.

Analysts Set New Price Targets

Several equities research analysts have commented on HTO shares. BTIG Research restated a “buy” rating and set a $61.00 price target on shares of H2O America in a research note on Tuesday. UBS Group set a $61.00 price objective on H2O America in a research note on Friday, January 9th. Barclays assumed coverage on H2O America in a report on Monday, February 23rd. They set an “overweight” rating and a $61.00 target price for the company. Wall Street Zen lowered shares of H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.25.

H2O America Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.